Nabaltec_E_GB2016

REPORT OF THE SUPERVISORY BOARD 15 All documents relating to the financial statements, as well as the auditor’s audit reports, were made available to the Supervisory Board in a timely manner for independent review. These documents and the auditor’s report were the subject of intensive consideration at the session of 6 April 2017. The auditor was present at this meeting, reported on the key findings of the audit and was available for further questions. Based on its independent review of the annual financial statements, the consolidated financial statements, the management report and the consolidated management report, the Supervisory Board has raised no objections and adopts the findings of the auditor Deloitte GmbH. The Supervisory Board therefore ap- proved the annual financial statements prepared by the Management Board for Nabaltec AG and Nabaltec Group for 31 December 2016. The annual financial statements of Nabaltec AG are therefore adopted. The financial statements of 31 December 2016 for Nabaltec AG and Nabaltec Group were reviewed and approved by the Supervisory Board PERSONNEL CHANGES IN THE MANAGEMENT BOARD Mr. Gerhard Witzany, a member of the Nabaltec AG Management Board, resigned from the Management Board on 31 December 2016 for reasons of age, while the term of the long- serving Management Board member Mr. Johannes Heckmann was extended by five years, through 24 August 2021. Mr. Heckmann was also named Chief Executive Officer (CEO) effec- tive 1 January 2017. Also on 1 January 2017, two longtime employees of Nabaltec AG were appointed by the Supervisory Board to five-year terms on the Management Board: Mr. Günther Spitzer, who will serve as Chief Financial Officer (CFO), and Dr. Michael Klimes as Chief Operating Officer (COO). Johannes Heckmann assumes the position of Chairman of the Management Board; Günther Spitzer and Dr. Michael Klimes joined the Management Board on 1 January 2017 The Supervisory Board would like to thank the Management Board and all the employees for their consistently strong, trusting and constructive collaboration, for the work they per- formed and for their special commitment last year, and looks forward with confidence to the company’s development in the future. Schwandorf, 6 April 2017 DR. LEOPOLD VON HEIMENDAHL Chairman of the Supervisory Board Annual Report 2016 | Nabaltec AG ||||

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